Old Mutual’s breakup includes a gift to private equity

March 11, 2016 by Chris Hughes

(Bloomberg) — Private equity firms suddenly have the chance to buy an asset that hasn’t already had all the value sucked out of it by…private equity firms.

Old Mutual’s decision to break itself up means the South African financial services group’s wealth management unit is up for grabs. It’s the sort of thing private equity firms have been clamoring for — an asset that has probably been under-managed because its parent has been focused on other things, in this case surviving the financial crisis. Click HERE to read more…

Originally Posted at Lifehealthpro on March 11, 2016 by Chris Hughes.